Slide 1: Second-Quarter 2026 Earnings Review
Second-Quarter 2026 Earnings Review Tuesday, August 4, 2026 Whirlpool Corporation Confidential Whirlpool Corporation Confidential
Slide 2: Second-Quarter 2026 Earnings Review presenters
Second-Quarter 2026 Earnings Review Whirlpool Corporation Confidential Marc Bitzer Roxanne Warner Juan Carlos Puente Ludovic Beaufils CHAIRMAN AND EXECUTIVE VICE EXECUTIVE PRESIDENT, EXECUTIVE PRESIDENT, CHIEF EXECUTIVE PRESIDENT AND CHIEF NORTH AMERICA AND KITCHENAID SMALL OFFICER FINANCIAL OFFICER G
Slide 3: Cautionary Statement
Cautionary Statement This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") that speak only as of this date. Whirlpool disclaims any obligation to update these statements. Forward-looking statements in this document may include,
Slide 4: Non-GAAP Measures
Non-GAAP Measures This presentation includes certain non-GAAP financial measures. We supplement the reporting of our financial information determined under U.S. Generally Accepted Accounting Principles (GAAP) with certain non-GAAP financial measures, some of which we refer to as "ongoing" measures, inc
Slide 5: Agenda
Agenda 1 Second-Quarter Results 2 Segment Performance and Actions to Drive Margin Expansion 3 Balance Sheet and Capital Allocation Priorities Whirlpool Corporation Confidential 5
Slide 6: Whirlpool Key Messages
Whirlpool Key Messages Our Q2 performance was in line with our expectations, 1 despite the persistent macroeconomic challenges 2 We expect sequential improvement throughout 2026 Whirlpool Corporation Confidential We continue to take decisive actions to better position our 3 business today and when th
Slide 7: We Continue to Take Decisive Actions to Better Position Our Business
We Continue to Take Decisive Actions to Better Position Our Business Today and When the Housing Market Rebounds Accelerated the cadence of new product launches and they are performing well Executed previously announced price increases in NAR and announced new actions in LAR Whirlpool Corporation Con
Slide 8: 2026 Second-Quarter Results
2026 Second-Quarter Results PROFITABLE GROWTH Net Sales YoY Change ● Organic Net Sales impacted by softer industry demand in $3.5B (6.8)% (1.7)% organic North America and promotional intensity in Latin America MARGIN EXPANSION ● EBIT margin sequentially improved 50 basis points to 1.8% and resulted
Slide 9: Ongoing EBIT Margin Drivers
Ongoing EBIT Margin Drivers Q1’26 vs Q2’25 vs (Approximate impact) Q2’26 Q2’26 Ongoing EBIT Margin 1.3% 5.3% Price/Mix +2.25 -0.75 Net Cost* +1.00 -1.50 Raw Material Inflation -0.50 -0.75 Net Tariff Impact -2.00 -1.00 Whirlpool Corporation Confidential Marketing & Technology Investments -0.25 +0.25 Cur
Slide 10: Agenda
Agenda 1 Second-Quarter Results 2 Segment Performance and Actions to Drive Margin Expansion 3 Balance Sheet and Capital Allocation Priorities Whirlpool Corporation Confidential 10
Slide 11: MDA NAR Second-Quarter Results
MDA NAR Second-Quarter Results NET SALES ($B) EBIT ($M) EBIT MARGIN 8% -2% nm -55% 2.4pts -3.2pts Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Whirlpool Corporation Confidential ● Strong execution of previously announced pricing actions supporting 240 bps of sequential marg
Slide 12: Recall: Announced Largest Price Increase in More Than a Decade
Recall: Announced Largest Price Increase in More Than a Decade REDUCED PROMOTIONS DELIVER DRIVE AND PRODUCT PREMIUM PRICING ACTIONS INNOVATION MIX PROMOTIONAL LIST PRICE PRICE - Announced and - Announced in April, effective in April 2026 effective in July 2026 Whirlpool Corporation Confidential - 10%+
Slide 13: Successful U.S. Price Increase Realization
Successful U.S. Price Increase Realization U.S. Appliance Industry Pricing (vs Jan ‘25) Competitor Average Whirlpool Corporation Confidential Source: Publicly available sell-out data Industry Pricing in the U.S. 13
Slide 14: Premium Growth: KitchenAid Porcelain White Suite
Premium Growth: KitchenAid Porcelain White Suite Whirlpool Corporation Confidential 14
Slide 15: Product Innovation Supporting Growth
Product Innovation Supporting Growth MAYTAG KITCHENAID WHIRLPOOL TOP LOAD WASHERS NEW KITCHEN SUITE UV LAUNDRY TOWER Whirlpool Corporation Confidential Launched Q3 2025 Launched Q3 2025 Launched Q1 2026 ~1 pt ~20% ~10 pts Laundry share growth Brand share growth Y^Y Laundry Tower share growth Source:
Slide 16: Accelerating Cost Take Out Initiatives to Bring Business Back on Track
Accelerating Cost Take Out Initiatives to Bring Business Back on Track $150M+ cost take out expected in 2026, supported by ongoing Design to Value Vertically Automate Optimize Renew strategic Corporate integrate to improve footprint sourcing Center to improve quality, productivity, agility in manufa
Slide 17: Footprint Actions to Strengthen Operations
Footprint Actions to Strengthen Operations Benefits starting in Q4’26; Main impact realized in 2027 and 2028 MANUFACTURING U.S. LOGISTICS AMANA 25% REDUCTION Multi-year modernization and optimization In local distribution center count PERRYSBURG CONSOLIDATION Unlocking greater efficiency through Of reg
Slide 18: MDA LAR Second-Quarter Results
MDA LAR Second-Quarter Results NET SALES ($B) EBIT ($M) EBIT MARGIN 12% 8% -44% -46% -3.0pts -3.0pts Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Whirlpool Corporation Confidential ● Excluding currency, net sales decreased 2% year-over-year due to negative price/mix partial
Slide 19: LAR Mitigating Actions Underway
LAR Mitigating Actions Underway PRICING ACTIONS MIX ACTIONS COST TAKEOUT ACTIONS Implement previously Drive mix through Execute communicated pricing product innovation and aggressive fixed and actions in Brazil the direct-to-consumer variable cost take out Whirlpool Corporation Confidential channel in
Slide 20: SDA Global Second-Quarter Results
SDA Global Second-Quarter Results NET SALES ($B) EBIT ($M) EBIT MARGIN -49% -31% -9.1pts -5.4pts -9% 1% Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Whirlpool Corporation Confidential ● Net sales supported by solid performance in international business units; Excluding curr
Slide 21: KitchenAid SDA Innovation Supporting Growth
KitchenAid SDA Innovation Supporting Growth ARTISAN® PLUS FULLY AUTOMATIC PURE POWER STAND MIXER ESPRESSO MACHINE BLENDER Whirlpool Corporation Confidential Launched Q1 2026 Launched Q2 2026 Launched Q2 2025 ~1 pt 25%+ ~10 pts Stand Mixer share growth in the U.S. Espresso Maker industry growth in the
Slide 22: Agenda
Agenda 1 Second-Quarter Results 2 Segment Performance and Actions to Drive Margin Expansion 3 Balance Sheet and Capital Allocation Priorities Whirlpool Corporation Confidential 22
Slide 23: Significant Measures Taken to Bolster Balance Sheet and Lock in Liquidity
Significant Measures Have Been Taken to Bolster Our Balance Sheet and Lock in Liquidity $1.1B $200M * $2B $2B Equity Offering Suspended common Credit Facility Secured Bonds dividend Whirlpool Corporation Confidential Removes near-term Asset-based lending Optimizes Maximizes cash refinancing risk by (ABL
Slide 24: Improved Liquidity With Significant Financial Runway
Improved Liquidity With Significant Financial Runway ABL Debt Maturities2 $2.0B Liquidity $3.0B+ Cash1 $1.0B Net Debt Long Term $5.8B Debt1 $6.8B Whirlpool Corporation Confidential Committed to improving net debt and exiting 2026 below $5B ¹Cash and long term debt as of 7/1/2026 ²Debt Maturities chart
Slide 25: Capital Allocation Priorities
Capital Allocation Priorities • Invest ~$400M in Capex 1 Fund Organic Growth • ~100 new products launching in 2026 • Increase in gross debt with new bonds, improving 2 Debt Paydown near-term liquidity; net debt outlook unchanged • ~2x long-term net debt leverage target 3 Fund Dividend • Prudent acti
Slide 26: 2026 Full-Year Guidance
2026 Full-Year Guidance In line with prior operational outlook, interest expense has been revised PROFITABLE GROWTH MARGIN EXPANSION CASH CONVERSION LONG-TERM TARGETS ~$16.3B ~9.0% ~7.0% (MID-CYCLE) ANNUAL ORGANIC NET SALES ONGOING EARNINGS BEFORE INTEREST FREE CASH FLOW excludes India AND TAX, % OF
Slide 27: Closing Summary
Closing Summary ● We expect to see continued margin expansion in the second half of 2026, driven by: ○ Sustained momentum from our new product launches ○ Compounding benefits from announced pricing actions ○ Structural cost-reduction actions that are fully underway ● We are taking decisive actions to
Slide 28: Q&A and Closing Remarks
Q&A and Closing Remarks 28 Whirlpool Corporation Confidential
Slide 29: Ongoing EBIT Margin Guidance - Unchanged
Ongoing EBIT Margin Guidance - Unchanged (Approximate impact) Current Comments 2025 Ongoing EBIT Margin 4.7% Price/Mix +1.50 • Announced pricing actions in April Net Cost* +1.00 • Cost actions expected to deliver $150M+ Raw Material Inflation -0.75 • Steel contracts at cap; oil/resin inflation anticip
Slide 30: 2026 Segment Guidance - Unchanged
2026 Segment Guidance - Unchanged Industry EBIT % MDA ~(5%) ~4.0% North America MDA 0 - 3% ~7.0% Latin America Whirlpool Corporation Confidential SDA Global ~Flat ~15.5% 30
Slide 31: 2026 Free Cash Flow Guidance - Unchanged
2026 Free Cash Flow Guidance - Unchanged (Approximate impact in millions) 2025 2026 Comments Cash Earnings and Other Operating Items $657 ~$600 • Investments in innovation, digital Capital Expenditures $(389) ~$(400) transformation and cost efficiency Working Capital $(158) ~$150 • Inventory optimizat
Slide 32: 2026 Guidance EPS Calculation Methods
2026 Guidance EPS Calculation Methods Basic Method: (in millions) Net Earnings Available to Whirlpool ~$200 - $230 Preferred Dividends ~$40 Net Earnings Available to Whirlpool Common Shareholders ~$160 - $190 Diluted Shares (Excluding MCP Shares) 64.2 EPS $2.50 - $3.00 If-Converted Method: (in milli
Slide 33: 2026 Guidance Comparison to 2025
2026 Guidance Comparison to 2025 2025 As 2025 Like- 2026 MDA India* Reported for-Like Guidance Net Sales (in billions) $15.5 $0.8 ~$14.7 ~$15.0 Ongoing EBIT (in $729 $41 ~$688 ~$630 millions) Whirlpool Corporation Confidential Ongoing EBIT Margin 4.7% 5.0% ~4.7% ~4.0% *2025 India financial data (unaud
Slide 34: Key Assumptions - Guidance
Key Assumptions - Guidance Income Statement FY2025 FY2026E Raw Material (Inflation) / Deflation nm ~$(100M) Restructuring Costs* $63M ~$175M Interest Expense $341M ~$350M Corporate Center** $198M ~$200M Weighted-Average Diluted Shares Outstanding 56.2M 64.2M*** GAAP Earnings per Diluted Share $5.66 $2
Slide 35: Interest and Sundry (Income) Expense and Ongoing Equity Method Investment Income (Loss)
Interest and Sundry (Income) Expense and Ongoing Equity Method Investment Income (Loss) Q2 (Approximate impact in millions) 2025 2026 Comments • Includes foreign exchange and hedge Net Foreign Exchange $2 $10 (gain)/loss Interest (Income) Expense/Other (5) (5) • 2025 & 2026 interest income Interest
Slide 36: Restructuring Cash Outlays
Restructuring Cash Outlays (Approximate impact in millions) 2025 2026E Comments Other Initiatives $29 $50 Manufacturing and footprint optimization Total $29 ~$50 Whirlpool Corporation Confidential 36
Slide 37: Whirlpool
Whirlpool Whirlpool KitchenAid JENNAI? MAYIAG AMANA BRASTEMP' Consul inQDertor